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U.S. stocks tumbled on Wednesday as surging bond yields in Spain and Italy ratcheted up tensions in financial markets about Europe’s ability to solve its growing debt crisis.
The Dow Jones industrial average .DJI lost 160.83 points, or 1.28 percent, to 12,419.86. The S&P 500 Index .SPX dropped 19.10 points, or 1.43 percent, to 1,313.32. The Nasdaq Composite .IXIC fell 33.63 points, or 1.17 percent, to 2,837.36.